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United Bank Of India Home Loan

United Bank of Indiaprovides customers a range of best affordable and flexible home loans at pleasant interest rates and within customers’ budget limitations. UBI Home Loans renowned for its striking features such as transparent processing, flexible tenure, rapid service, opportunity for a floating rate loan or a fixed rate loan, flexible home loan Interest Rates, balance transfer facility, and lots more. Use UBI Home Loan Eligibility Calculator, the simple and easiest tool to know your Home Loan Eligibility and get the best deal on UBI Home Loan.

Loan can used for furniture/fixtures and interior decoration of the house/flat 8.65%

Loan amount: Min. Rs. 20,000/- & above

Processing fees: 1% of the sanctioned loan subject to minimum of Rs.500/-

Repayment period shall be for 5 years.

2) UNITED HOUSING LOAN FOR PENSIONERS

All pensioners of Central and State Governments, Central and State Governments’ Undertakings, Defense Services, reputed Companies, Educational Institutions (Universities, Institutes, Schools and Colleges) including pensioners (VR and VRS) of United Bank of India can avail this loan.

Your Monthly Net Pension should be Minimum of Rs. 5,000/-

Loan amount: Max. 2 lakhs

Loan amount should be repaid before attaining 75 years.

Interest rate : same as United Housing Loan Scheme.

United Bank Of India Home Loan Eligibility

Individuals above 21 years, having regular income i.e. salary/ business / professionals and self-employed (PSEs) persons

Salaried person should be in regular & permanent service

Established and experienced Professional & Self Employed & Business persons should be at least 2 years in Trade or Profession

Business and PSEs should have 2 years of ITR

United Bank Of India Home Loan Documents Required

Signed application form with photograph

ID and residence proof

Processing fee cheque

Last 6 months bank statements

Documentation for salaried applicants:

Latest Salary-slip

Form 16

Documentation for self-employed applicants:

Education qualification certificate & proof of business existence

Last 3 years Income Tax Returns with computation of Income

Last 3 years Profit / Loss and Balance Sheet

United Bank Home Loan Prepayments: NIL

Latest News on United Bank of India

United Bank of India waives retail loan processing fee up to 100 per cent.As the festive season is coming, Banks are in a race to attract home loan seekers by offering waivers on the loan processing fees.

Similar to State Bank of India, UBI also decided to waive 100% processing fees.

The bank is also offering 50 per cent wavier on processing fees for mortgage loans, personal loans and gold loans. The waiver is available till December 2017 till the festive season.

UBI home loans are available at 8.55% rate irrespective of loan size & tenure. The interested home loan applicants can apply for UBI Loan service before December to avail the benefit.

Latest News

1) United Bank of India (UBI) has increased its MCLR (Marginal Cost of Funds based Lending Rate) by 0.05%. The New MCLR rate will be effective from 14th September, 2018 onwards across all Loans and advances. The New One-Year MCLR has been fixed at 8.85%. For Six-Months Tenure and Three-Months Tenure; the MCLR is set at 8.65% and 8.55% respectively. MCLR for Overnight and One-Month Tenure is 8.15% and 8.40%. MCLR-based Interest Rate on Loans will be calculated on the basis of revised MCLR.